Rising Wedge


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Chris Borowik
Chris Borowik published an idea on DOWJONES30, D1
6 months ago

Quotations of Dow Jones Index are still inside Rising Wedge pattern. Distance between higher highs and higher lows is getting smaller and smaller. This tells us, that pressure from buyers is getting weaker and pressure from sellers is getting stronger. During next few sessions price could exit pattern. If bottom line will be crossed, it would be confirmation of RW and sellers could lower price. Contrarily if breakout will be through top line, it would be signal of strong bullish trend.

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